Can tech earnings rally the market?

Mythz
2023-04-27

Microsoft and Facebook has been outperforming the market during the earning release.

$Microsoft(MSFT)$ has outperformed the consensus by a 9% increase in EPS and has lead to a increase in 7% in stock price. Will Microsoft return to hit $300/share by today?

Microsoft has always been one of the steady giants, from pandemic till post pandemic till inflation/ banking crisis. With the current guidance, it is still proof that it is a worthy stock and has helped to lift the Nasdaq index

Meta has also outperformed the earnings and resulted in a 11% increase in the post market hours.

Another interesting giant that I will be looking out for today, Amazon. Today will be the day for its earning.

$Amazon.com(AMZN)$ specialize in its own market place and has a big piece of pie in its cloud technology, mainly Amazon Web Services(AWS). The growth in revenue is always high as many business are converting to a online presence. Although there is a slow growth in last quarter due to the high inflation rate, i believe today revenue will be close to the estimate.

Another key factor that I will be closely paying attention to is the jobless claim number today so that we can plan the upcoming strategy to the next fed hike.

$Nasdaq100 Bull 3X ETF(TQQQ)$ 

Trade plan for MSFT & GOOG after earnings?
Microsoft dipped after the bell as the company called for lower revenue guidance than analysts had predicted. Google, however, beat estimates on the top and bottom lines, sending the stock up as much as 6% in after-hours trading. --------------------- Do their earnings deliver a surprise? How will you trade after their earnings? What's your target price for Microsoft and Google?
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Comments

  • Guy
    2023-04-27
    Guy

    Ok let’s wait for earning report of $亚马逊(AMZN)$ now.

    • Mythz
      Make use of the earning report as an opportunity instead of waiting
  • LeonaClemens
    2023-04-27
    LeonaClemens

    I have better insight i$Meta Platforms(META)$ in near future.

    • Mythz
      Meta is still a worthy stock to look at
  • ClarenceNehemiah
    2023-04-27
    ClarenceNehemiah

    Time to hold more tech giants again. right?

    • Mythz
      I do like to hold tech related stocks. Do see your risk appetite
  • YueShan
    2023-04-27
    YueShan
    All is Good⭐⭐⭐
  • AuntieAaA
    2023-04-27
    AuntieAaA
    Bullish
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